- Mutual Funds
- ITI Banking and Financial Services Fund (IDCW)
ITI Banking and Financial Services Fund (IDCW)
Sectoral / Thematic
- NAV 13.57 (1.32%)
- Fund Size (Cr) ₹270.65
- Expense Ratio 2.34
- Scheme Type Active Fund
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Value Research
- Minimum investment ₹5000
- Minimum Additional Investment ₹1000
- Minimum SIP Investment ₹500
- Minimum Withdrawal ₹1000
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Exit Load
1%
- Return Since Launch 11.73%
Basic Details
Nilay Dalal
Nifty Financial Services TRI
OPEN
Lumpsum Returns
Note: Lumpsum Returns since Inception Date.
SIP Returns
Note: SIP Returns since Inception Date.
Tax Treatment
If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.
Mutual Funds Calculator
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Standard Deviation
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Beta
0.91% -
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0.04% -
Jension’s Alpha
-0.10%
Asset Allocation
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Top 10 stock holding in portfolio
Peer Comparison
- Scheme Name
- Value Research
- Asset Size (Cr)
- 1M
- 3M
- 6M
- 1Y
- 3Y
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HDFC Defence Fund - Direct (G)
- 3665.95
- -2.97%
- 21.71%
- 50.61%
- 116.41%
- -
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HDFC Defence Fund - Direct (IDCW)
- 3665.95
- -2.97%
- 21.71%
- 50.61%
- 116.41%
- -
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SBI PSU Fund - Direct (G)
- 3694.68
- 4.23%
- 10.06%
- 29.05%
- 88.24%
- 42.28%
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SBI PSU Fund - Direct (IDCW)
- 3694.68
- 4.23%
- 10.05%
- 29.04%
- 88.22%
- 42.27%
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Aditya Birla SL PSU Equity Fund - Direct (G)
- 5121.77
- 3.47%
- 6.86%
- 24.02%
- 87.70%
- 43.19%
News
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ITI MF Announces change in benchmark index under its schemes
ITI Mutual Fund has announced changes the benchmark for the following schemes, with effect from 12 March 2024. Accordingly, the revised benchmark index will be:
Change of name of benchmark Indices:
Scheme Name Name of Existing Benchmark Revised Name of Benchmark ITI Banking & PSU Debt Fund Crisil Banking and PSU Debt Index CRISIL Banking and PSU Debt A-II Index Powered by Capital Market - Live News
Fund House Details & Investment Objective
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Date of Incorporation
15-Nov-2021
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Total AUM (Cr)
₹270.65
ITI Banking and Financial Services Fund (IDCW) is an Sectoral / Thematic-oriented fund from the renowned AMC, ITI Mutual Fund. Launched in Nov 2021, this fund is managed by Nilay Dalal. With assets under management (AUM) worth ₹270.65 (Cr), as of 26-Jul-2024, ITI Banking and Financial Services Fund (IDCW) is categorized as a Sectoral / Thematic within its segment. The fund has generated a return of 11.73% since its launch.
The current NAV of ITI Banking and Financial Services Fund (IDCW) is ₹13.57, as on 26-Jul-2024. The fund’s benchmark index is Nifty Financial Services TRI. You can invest in ITI Banking and Financial Services Fund (IDCW) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹500 while the minimum lumpsum investment is ₹5000.
Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units; Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units.
The fund has generated - and - CAGR in the last 3 and 5 years respectively.
The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 95.64% in Equity, 1.99% in Debt and 2.37% in cash and cash equivalents
The top 5 sectors the fund invests in are: 68.41% in Banks, 21.28% in Finance, 3.15% in Insurance, 2.98% in Capital Markets and 2.6% in Cash & Others.
FAQs on ITI Banking and Financial Services Fund (IDCW)
ITI Banking and Financial Services Fund (IDCW) is a popular fund in the Sectoral / Thematic segment. The fund has generated a return of 11.73% since inception. Looking to invest in ITI Banking and Financial Services Fund (IDCW)? How about earning 1% extra return? All this is possible with m.Stock! Investing in ITI Banking and Financial Services Fund (IDCW) is super easy and convenient with m.Stock. Here’s how you can begin:
- Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage across products for life.
- In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
- In the search bar, enter the fund name, in this case, ITI Banking and Financial Services Fund (IDCW)
- On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
- If you choose to invest a Lumpsum: Enter amount, select payment mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
- If you choose the SIP route, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.
So, why wait? Invest in ITI Banking and Financial Services Fund (IDCW) today and reap the benefits of this Sectoral / Thematic fund!
In the short term, i.e., 1 year, ITI Banking and Financial Services Fund (IDCW) has generated annualised return of 11.45%. In the long-term, the fund has generated - and - in 3 and 5 years respectively. Since its inception, the fund has generated 11.73% returns.
The expense ratio of ITI Banking and Financial Services Fund (IDCW) Direct Growth is 2.34%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.
The Assets Under Management (AUM) of ITI Banking and Financial Services Fund (IDCW) is ₹270.65 (Cr) as of 26 July 2024. AUM shows the fund’s popularity and is often indicative of fund strength.
Redeeming or selling units of ITI Banking and Financial Services Fund (IDCW) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.
To redeem from ITI Banking and Financial Services Fund (IDCW):
- Login to your m.Stock account
- In portfolio, your mutual fund investments will be visible under ‘MF’
- Select the fund you wish to redeem from (in this case ITI Banking and Financial Services Fund (IDCW)).
- Click on ‘Redeem’ button
- You have 2 options – redeem by units and redeem by value (you can only redeem free units)
- Select units to be redeemed and click on submit.
- Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).
Yes, you can invest both lumpsum and SIP in ITI Banking and Financial Services Fund (IDCW). Minimum lumpsum investment ITI Banking and Financial Services Fund (IDCW) is ₹5000 and minimum SIP amount is ₹500. Lumpsum option is ideal for investors with higher investible corpus and market experience. SIP option is recommended for retail investors who do not have the time or expertise to time the market.
The latest NAV (Net Asset Value) of ITI Banking and Financial Services Fund (IDCW) is ₹13.57 as on 26 July 2024.
The 5 biggest stock holdings of ITI Banking and Financial Services Fund (IDCW) are:
HDFC Bank (18.42%), ICICI Bank (14.14%), Axis Bank (9.45%), St Bk of India (8.51%), Shriram Finance (2.97%)
A majority of ITI Banking and Financial Services Fund (IDCW) 's AUM worth ₹270.65 (Cr) is invested in these 3 top sectors:
- Banks: 68.41%
- Finance: 21.28%
- Insurance: 3.15%
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